We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Extra stamp duty
chris316
Posts: 38 Forumite
Hi, me and my fiancé are both selling our homes and buying one together. I have a BTL in my name, will we have to pay the higher rate SDLT if the new mortgage is in both names?
Thanks
Thanks
0
Comments
-
not if you are selling your main residence and buying a new main residence.3
-
just to be clear!km1500 said:not if you are both selling your main residences and buying a new main residence.2 -
Yes we are both selling our main residences. Thanks that's a load off our minds.0
-
If on the date of purchase (completion) of your new property, you are legal owner of more than 1 property then you will pay higher rate of stamp duty.Happiness is buying an item and then not checking its price after a month to discover it was reduced further.0
-
Not if they meet the conditions for "replacing their main residence" as summarised here: https://www.gov.uk/hmrc-internal-manuals/stamp-duty-land-tax-manual/sdltm09800movilogo said:If on the date of purchase (completion) of your new property, you are legal owner of more than 1 property then you will pay higher rate of stamp duty.3 -
Have to disagree strongly......movilogo said:If on the date of purchase (completion) of your new property, you are legal owner of more than 1 property then you will pay higher rate of stamp duty.
The great thing about this site is that when erroneous advice is given (and we've all done it, yup, me too!) someone will correct it.2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards